Press release
Global Single Nucleotide Polymorphism (SNP) Genotyping Market Outlook 2025-2034: Trends, Innovations, And Future Outlook
Single Nucleotide Polymorphism (SNP) Genotyping Market Size
What Is the Single Nucleotide Polymorphism (SNP) Genotyping Market Size and Projected Growth Rate?
Recent years have seen a spectacular increase in the size of the single nucleotide polymorphism (SNP) genotyping market. From a value of $10.3 billion in 2024, it is set to expand to $12.37 billion in 2025, marking a compound annual growth rate (CAGR) of 20.1%. This significant growth in the past period can be attributed to a range of factors, including the increased amount of research in genomics, the climbing incident rate of genetic disorders, the rise in personalized medicine, the swelling pharmaceutical industry, and the heightened demand for molecular diagnostics.
An accelerated increase in the market size of single nucleotide polymorphism (SNP) genotyping is anticipated in the upcoming years, ballooning to a total worth of $24.95 billion in 2029 with a compound annual growth rate (CAGR) of 19.2%. This projected growth for the forthcoming period could be ascribed to the increased use in disease analysis, the escalating need for precision medication, burgeoning biobanking efforts, a spike in genetic screening, and a growing acceptance in agriculture for crop enhancement. Notable trends identified for the forecasted time frame comprise an increased application of next-generation sequencing (NGS), an intensified demand for SNP genotyping in pharmacogenomics, the advent of direct-to-consumer genetic testing, a centralized focus on automation, and sophisticated high-throughput genotyping platforms.
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What Are the Major Segments in the Single Nucleotide Polymorphism (SNP) Genotyping Market?
The single nucleotide polymorphism (SNP) genotyping market covered in this report is segmented -
1) By Product: Consumables, Instruments, Services
2) By Technology: TaqMan SNP Genotyping, Mass Array SNP Genotyping, SNP Gene Chip Arrays, Other Technologies
3) By Application: Animal Genetics, Plant Improvement, Diagnostic Research, Pharmaceuticals And Pharmacogenomics, Agricultural Biotechnology, Other Applications
Subsegments:
1) By Consumables: Reagents And Kits, DNA Probes, Microarrays
2) By Instruments: SNP Genotyping Platforms, Sequencers, PCR Machines
3) By Services: SNP Genotyping Services, Data Analysis Services, Consultation Services
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What Are The Driving Single Nucleotide Polymorphism (SNP) Genotyping Market Evolution?
The rise in chronic diseases is projected to fuel the expansion of the single nucleotide polymorphism (SNP) genotyping market. Chronic conditions, which endure a year or more and demand ongoing medical intervention while limiting daily activities, or both, are rising. Identifying genetic predispositions and facilitating personalized medicine through SNP genotyping is becoming increasingly crucial due to the escalating prevalence of chronic illnesses. For example, the Australian Institute of Health and Welfare, a government agency based in Australia, reported in June 2024 that the death rate associated with chronic conditions increased from 459 deaths per 100,000 individuals in 2021 to 490 in 2022. Hence, the rising burden of chronic diseases is contributing to the expansion of the SNP genotyping systems market.
Which Firms Dominate The Single Nucleotide Polymorphism (SNP) Genotyping Market Segments?
Major companies operating in the single nucleotide polymorphism (SNP) genotyping market include Thermo Fischer Scientific Inc., Danaher Corporation, Roche Diagnostics Corporation, GE HealthCare Technologies Inc., Eurofins Genomics LLC, Beckman Coulter Inc., Bio-Rad Laboratories Inc., Qiagen N.V., Sigma-Aldrich Corporation, Agilent Technologies Inc., PerkinElmer Inc., Illumina Inc., Promega Corporation, GenScript Biotech Corporation, Integrated DNA Technologies Inc., LGC Ltd., Sequenom Inc., Fluidigm Corporation, Agendia Inc., Nugen Technologies Inc., BioChain Institute Inc., Standard BioTools Inc., Oxford Gene Technology, Affymetrix Inc., PREMIER Biosoft International Inc., GenoLogics, Rubicon Genomics Inc., Xcelris Genomics, Douglas Scientific LLC, Golden Helix Inc.
What Trends Are Expected to Dominate the Single Nucleotide Polymorphism (SNP) Genotyping Market in the Next 5 Years?
Technological advancements have emerged as a major ongoing trend in the single nucleotide polymorphism (SNP) genotyping market. To maintain their competitive edge, prominent firms in this market are pioneering cutting-edge technological solutions. For example, in May 2022, Neogen Corporation, a food safety firm operating in the agriculture, animal protein, food and beverage sectors in the US, and Gencove, a company specializing in sequencing solutions based in the US, unveiled InfiniSEEK. This tool, the first of its kind, offers comprehensive genome and genotyping for cattle breeders. The meticulous verification of InfiniSEEK indicates over 99% concordance with exhaustive whole-genome sequencing and might even render superior clinical-grade precision in selected areas of interest.
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Which Is The Largest Region In The Single Nucleotide Polymorphism (SNP) Genotyping Market?
North America was the largest region in the single nucleotide polymorphism (SNP) genotyping market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the single nucleotide polymorphism (SNP) genotyping market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Single Nucleotide Polymorphism (SNP) Genotyping Market?
2. What is the CAGR expected in the Single Nucleotide Polymorphism (SNP) Genotyping Market?
3. What Are the Key Innovations Transforming the Single Nucleotide Polymorphism (SNP) Genotyping Industry?
4. Which Region Is Leading the Single Nucleotide Polymorphism (SNP) Genotyping Market?
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